Libor

The London Interbank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks. It is usually abbreviated to Libor (/ˈlaɪbɔːr/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor). It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bbalibor) before the responsibility for the administration was transferred to Intercontinental Exchange. It is the primary benchmark, along with the Euribor, for short-term interest rates around the world.

Libor rates are calculated for 5 currencies and 7 borrowing periods ranging from overnight to one year and are published each business day by Thomson Reuters. Many financial institutions, mortgage lenders and credit card agencies set their own rates relative to it. At least $350 trillion in derivatives and other financial products are tied to the Libor.

In June 2012, multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the Libor scandal. The British Bankers' Association said on 25 September 2012 that it would transfer oversight of LIBOR to UK regulators, as proposed by Financial Services Authority managing director Martin Wheatley's independent review recommendations. Wheatley's review recommended that banks submitting rates to LIBOR must base them on actual inter-bank deposit market transactions and keep records of those transactions, that individual banks' LIBOR submissions be published after three months, and recommended criminal sanctions specifically for manipulation of benchmark interest rates. Financial institution customers may experience higher and more volatile borrowing and hedging costs after implementation of the recommended reforms. The UK government agreed to accept all of the Wheatley Review's recommendations and press for legislation implementing them.

Nevesta hôl (1972)

Plot: A balladic story situated in a Slovak mountain region before the 2nd World War. A young man returns to his native village after many years. There he meets Zuna, a mysterious girl of the forest, who opens his eyes to the charming nature to perceive hidden corners of the world and of his own soul.

I Am The Day

I am the day, soon to be bornI am the light before the morningI am the night, that will be dawnI am the end and the beginning[Chorus]I am the alpha and omegaThe night and day, the first and lastIlluminosa, immortalisSancta gloriosaIlluminosa, immortalisSancta gloriosaIn aeternaI am the life, soon to beginI am the new hope in the morningI am the darkness, soon to be lightI am the rising and the falling[Chorus]I am the alpha and omegaThe night and day, the first and lastIlluminosa, immortalisSancta gloriosaIlluminosa, immortalisSancta gloriosaIn aeternaI am the day, soon to be bornI am the light before the morning[Chorus]I am the alpha and omegaThe night and day, the first and lastIlluminosa, immortalisSancta gloriosaIlluminosa, immortalisSancta gloriosa

Libor

The London Interbank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks. It is usually abbreviated to Libor (/ˈlaɪbɔːr/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor). It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bbalibor) before the responsibility for the administration was transferred to Intercontinental Exchange. It is the primary benchmark, along with the Euribor, for short-term interest rates around the world.

Libor rates are calculated for 5 currencies and 7 borrowing periods ranging from overnight to one year and are published each business day by Thomson Reuters. Many financial institutions, mortgage lenders and credit card agencies set their own rates relative to it. At least $350 trillion in derivatives and other financial products are tied to the Libor.

In June 2012, multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the Libor scandal. The British Bankers' Association said on 25 September 2012 that it would transfer oversight of LIBOR to UK regulators, as proposed by Financial Services Authority managing director Martin Wheatley's independent review recommendations. Wheatley's review recommended that banks submitting rates to LIBOR must base them on actual inter-bank deposit market transactions and keep records of those transactions, that individual banks' LIBOR submissions be published after three months, and recommended criminal sanctions specifically for manipulation of benchmark interest rates. Financial institution customers may experience higher and more volatile borrowing and hedging costs after implementation of the recommended reforms. The UK government agreed to accept all of the Wheatley Review's recommendations and press for legislation implementing them.

The BSB was born out of the parliamentary commission on banking standards back in 2015, and was meant to be the industry’s answer to public outrage over the Libor-rigging scandal and widespread failings that contributed to the 2008 financial crisis....

The phrase 'LIBOR transition' doesn't elicit more than a yawn from most corporate treasurers ... That is precisely the scenario in view as regulators phase out the London Interbank Offered Rate, or LIBOR, by the end of 2021 ... What Will Replace LIBOR? ... They should average lower than LIBOR as LIBOR contains features that are good for the banking system....

The revised calculation -- last adjusted in 2009 -- addresses the roughly 300-basis-point difference between the prime rate and the Libor-based fixed base rate ... The agency will address a Libor replacement for variable-rate loans in a future rulemaking. The new rule takes effect today ... Disclaimer ... (noodl....

Please note ...Methodology ... 2 ... 3 ... 4 ... 5 ... Two common funding benchmarks, the one-month and three-month LIBOR rates, moved up this month by 6 bps and 15 bps, respectively. Since most CEF leverage expenses are pegged to short-term LIBOR rates, this move will directly hurt the earnings potential of leveraged CEFs. 1-Month LIBOR based on US Dollar data by YCharts....

NEW YORK, Nov 2 (LPC) - Some US credit investors are pushing to use alternative benchmarks in the documents of new Collateralized Loan Obligation (CLO) funds before official replacements to Libor are identified ahead of its demise in 2021 ... ....